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Fitzwalter Arms, Goodnestone

The Street, Goodnestone, Canterbury, Kent, CT3 1PJ

Dating back to 1589 and steeped in over 400 years worth of history, the Fitzwalter Arms is a beautiful destination dining Pub & Restaurant with three letting bedrooms located in rural Goodnestone, Kent.

Key features

  • Beautiful pub & restaurant in the village of Goodnestone 
  • Open plan drinking & dining space in lower bar area
  • Restaurant dining area for approx.30 covers 
  • Three double ensuite letting bedrooms 
  • Great gardens to the rear of the property
  • Private accomodation with 1 double bedroom

Floorplan

THE FITZWALTER ARMS

Sat in the District of Dover between Canterbury and Sandwich, the Fitzwalter Arms is a beautiful destination dining pub & restaurant with letting bedrooms located in rural Goodnestone, Kent.

The Fitzwalter Arms dates back to 1589 and is steeped in over 400 years’ worth of history but despite many changes over the years, it still retains its own unique charm, character and many of its original features. Kent hops line the beautiful wooden beams and it boasts open fire places, wooden floors, rustic exposed brick walls and leaded glass windows that feature in all of the local Fitzwalter estate.

Internally you will find the feature bar servery and lower bar area full of cosy sofas and tables for more relaxed and informal dining or a quiet game of dominoes, cards or bar billiards together with a separate restaurant dining room for approx.30 covers. This space can also double up as private dining and event space if required. 

In 2016, the Fitzwalter Arms opened its doors for the very first time in over 400 years to overnight guests. Its three unique guest letting bedrooms on the first floor of the property are well maintained and all boast ensuite bathrooms, tea & coffee making facilities and freeview televisions.

One of the most popular features at the Fitzwalter Arms is its large, pretty grassed garden to the rear of the property with a paved patio area and  seating. There are also two barns on site at the pub, one of which is currently used for laundry and storage and the second which was turned in to a quaint village shop full of fresh local supplies during lockdown and which has since remained in situ.  Customer car parking is available outside of the property.

Moving forward Shepherd Neame is looking for tenants that understand the importance of a village pub to the local community whilst also capitalising on the tourist, passing and destination dining trade.

BAR, RESTAURANT & KITCHEN

Feature bar servery with relaxed drinking space, lower bar area with seating for approx. 6 covers and separate restaurant dining room for approx. 30 covers. Well equipped trade kitchen

LETTING BEDROOMS

Three large, well maintained ensuite letting bedrooms. 2 doubles and 1 family room

OUTDOOR & PARKING

Large grassed garden with a patio area to the back of the property. Barn laundry and storage room and a private barn utilised as a village shop. Street side customer car parking

PRIVATE ACCOMMODATION

Private accommodation includes 1 double bedroom, lounge and bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£11000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£24500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£13500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£16120£16744£17420
Per week£310£322£335

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE  - £9,000

MULTIPLIER - 0.512

ESTIMATED RATES PAYABLE - N/A 

NOTE: 

  • Retail relief for the hospitality industry is reduced to 66% rate relief for the remainder of the rating year until 31st March 2022
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2017 2018 2019 2020
All beer and cider
Barrels
107 103 62 50
Wine
Gallons
303 256 127 123
PPS
Gallons

Premium packaged spirits (eg WKD)
1 0 0 0
Traditional Spirits
Gallons
18 8 7 11
Minerals
Ready to drink litres
2525 2425 1483 1615

Estimated food turnover

£800 per week approximately net.

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10.00 - 23.30
Friday - Saturday - 10.00 - 01.00

Open to the public

Sunday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 01.30

Live music

Monday - Sunday - 10:00 - 23:30

Agreement Overview

  • This pub is being offered on a fixed term Tenancy until 27th March 2025 outside of the Landlord and Tenant Act 1954 Part II
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page